X0306 4 2018-04-16 0 0001679688 Colony NorthStar, Inc. CLNS 0001610863 Metz Justin C/O COLONY NORTHSTAR, INC. 515 S. FLOWER ST., 44TH FLOOR LOS ANGELES CA 90071 1 0 0 0 Deferred Stock 2018-04-16 4 A 0 2233 5.60 A Class A Common Stock 2233 19525 D Deferred Stock 2018-04-16 4 J 0 341 5.60 A Class A Common Stock 341 19866 D Represents the receipt of deferred stock units ("Deferred Stock") granted by the Issuer in respect of the reporting person's election to defer cash compensation payable in accordance with the Issuer's non-executive director compensation policy. Deferred Stock has no expiration date and is payable in Class A Common Stock after the reporting person's separation from service with the Issuer. Represents Deferred Stock granted pursuant to dividend equivalent rights on previously awarded Deferred Stock, 226 of which is scheduled to vest on May 4, 2018. /s/ David A. Palame, as Attorney-in-fact 2018-04-18